itBit Crypto Exchange and Services Approved By the NY State Department of Financial Services to offer Stellar Lumens XLM

itBit Exchange has recently announced they have received approval from the New York State Department of Financial Services to start offering trading of Stellar Lumens (XLM). This would make itBit the first qualified custodian and licensed exchange that’s approved by the state’s department to offer Stellar.

In addition to XLM, itBit offers trading and services for Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Some of the services itBit offers besides cryptocurrency trading are custodial services, escrow, and OTC trading for institutional investors.

itBit is a US regulated financial services company and exchange that is located in New York City. Since launching in 2013, the itBit team has strived to push the boundaries of sophistication in crypto asset trading. In May 2015, the company obtained a trust company charter and opened the first regulated bitcoin exchange in the U.S. Today, itBit is the only company in the cryptocurrency space that offers crypto asset traders access to a global exchange, OTC trading desk, Custody Services, and Escrow Services.